Using trigonometric identities:
\[
\csc 42^\circ = \frac{1}{\sin 42^\circ}, \quad \sec 48^\circ = \frac{1}{\cos 48^\circ}
\]
\[
\cos 37^\circ = \sin 53^\circ
\]
So,
\[
\frac{\frac{1}{\sin 42^\circ} \cdot \cos 37^\circ}{\frac{1}{\cos 48^\circ} \cdot \sin 53^\circ}
\]
\[
= \frac{\cos 37^\circ}{\sin 42^\circ} \times \frac{\cos 48^\circ}{\sin 53^\circ}
\]
Approximating values,
\[
= \frac{1}{2}
\]